Member Info for Sm66

Anybody notice that millennium vanished, declared positions 0.79% GSA capital

First,

My understanding is it’s the highest price paid not the highest price JD personally paid. Which as others have suggested is exactly why he’s staying below 30%

Or, if he is in concert, from the day it was breached?

I’m not entirely sure if he breached 30% whether the offer has to be the highest from the day of the offer or from when he declared his intention to buy? If he waits until early April it drops to around 90p but if it counts from his declaration then it’s 130p???

Current 52 week high is 116p

Bah1

Yes we should receive an RNS or 2 regarding Fridays large buys. I’m hoping it’s JD increasing towards 30%

LWHL

Completely understand your feelings on this SP action. I found last week particularly tough as I was down 30% and really tempted to cut my losses. The trolls were in overdrive after the loan RNS which although transparent, it does begin to resonate when you see your investment collapsing. I must admit that yesterday’s action of 6m shares purchased against the sells at 10-1 has restored my conviction. This has been a rodeo and I’m looking forward to getting off but not until JD makes his offer.

Good luck to all

UT 26.6

According to ADVFN

4,185,563 bought

633,639 sold

Also someone bought 1,019,259 shares 10mins after the close.

Bodes well for the run up over the next 10 trading days

GLA

Coxon, indeed, a global brand with a quality product, current market value is pathetic. Not long to wait for the outcome now.

Coxon

It has been a tough hold this week, I’m so deep that I’ve added and averaged down to 33p. Best not to read too much into what’s posted on here, let alone ADVFN. It’s like the Wild West and AI isn’t helping when whoever controls it decides on a direction.

I’ve stayed the course regardless based on JD doing what he says and also, revenue while missing targets is still over 600m, cost cutting is in motion and isn’t cheap but very effective, worst case, JD fails and the business continues to cut costs and returns to profitability as is predicted. Pretty sure that’s why JD wants to buy it now, all time low SP because of poor performance which given the economic situation isn’t shocking but the Mcap is totally shocking. From billions to chump change, not surprised JD is pouncing now. Perfect timing and I’m sure he’ll do very well from this and resist in 2-3 years. The only question for us mortals holding is how much? Could be 50,100,150 although I doubt the later, otherwise he would have increased above 30% and be obliged to pay 130ish so my best guess is somewhere between 50 and 90

Makes no difference

It’s worth whatever JD bids unless his bid is too low and another bidder appears. Hilco is nothing more than a weak excuse for the mm’s and shorts to mess around with the SO. Most of us are locked in and waiting for the bid.

Fair and accurate, however the second paragraph goes a tad deeper regarding a cash offer.

Also, why would they grant an extension if they thought an offer would fail to appear?

The market knows nothing. Pure speculation and MM’s playing hardball.

The CEO has only stated that he intends to make an offer, it still stands until he says otherwise.

Mcap 24.8m

Revenue 622m

Business is remodeling to create a profitable future.

MM’s and derampers spreading fear of CVA.

There has been no official declaration of a CVA, only a buyout by the founder.

Simple answer garydiv

Nobody knows when the offer will land, could be 7am tomorrow or 5pm on the 29th. Everything in between is a casino

Rock8

Totally agree, disproportionate drop on news of a possible small loan. But some poor souls will have panicked and sold a loss.

In my mind, the wording of that RNS had a negative tone, not sure why but certainly today’s drop was over cooked. Of course that doesn’t mean it won’t drop again tomorrow. Who knows? I clearly don’t as I bought a few more at 29.04 this morning and am currently sitting at an average 34p

I dare to say the direction of the SP from here is up.

If no bid then surely 15p or perhaps below but the clock is ticking once again and bid speculation is due to start again soon. Anywhere from 70p to an unlikely 400p will be the cry

Toffers

JD’s declared holding just under 27m but L&G have purchased 1m on his behalf as per RNS. So in theory he’s holding 28%

Novice20

This is a simple one.

The CEO and founder of superdry intends to make a bid to take the company private.

He’s currently holding 27% of the stock, if he goes over 30% he’ll be obliged to make a cash offer at the highest price over the past 12 months, would have been 130p ish in February but nearer 100p in March, usually the bid carries a 20% premium (usually).

He’s kicked the can down the road until the 29th March hence the nervousness of PI’s and volatility of the SP.

you either think he’ll bid or not but considering the SP is close to all time lows and the business is busy restructuring to save costs and build a future, in my opinion, for what it’s worth, a bid is likely. Lots of nonsense in both directions posted on this board so keep an open mind.

All the best

Rock8

I’m not that advanced, I’m using IG for instant quotes, mostly because it’s live pricing and simple. I literaly Couldn’t get a quote for any amount over 1000share however could sell the lot for 28.6. To me that says the market wants my shares. They’re welcome to them as soon as the bid comes in!

This board is toxic mostly.

Just trying to buy a few more and it took me several attempts, managed about 5 trades at 29.04 of 1000 shares at a time, wouldn’t quote a higher amount. Sell is easy, that says a lot to me.

Takeover bid is coming, how much, only JD knows.